UK firms lag on reforecasting
Finance directors might talk about reforecasting their budgets more frequently, but most are failing to do it, according to research by Cranfield School of Management. More than 70% of financial managers surveyed by Cranfield last year said they were aiming to reforecast more often, but a year later...
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Published in | Financial Management p. 9 |
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Main Author | |
Format | Trade Publication Article |
Language | English |
Published |
London
Chartered Institute of Management Accountants
01.10.2003
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Subjects | |
Online Access | Get full text |
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Summary: | Finance directors might talk about reforecasting their budgets more frequently, but most are failing to do it, according to research by Cranfield School of Management. More than 70% of financial managers surveyed by Cranfield last year said they were aiming to reforecast more often, but a year later there has been only a small rise in the number that have done so: 38% of companies have issued quarterly reforecasts this year, compared with 36% in 2002. |
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ISSN: | 1471-9185 |